Daily Archives: February 7, 2018

Two new tenants have leased space in the New City office complex in Warsaw, which is owned by the Hines Polska-managed Hines Global REIT fund. Valeo Service Eastern Europe and Xiaomi H.K. will occupy nearly 1,000 sqm and around 300 sqm of office area in the property respectively. Additionally, Fabry...

WSE-listed lender Pekao has implemented the mobile payments system BLIK to its mobile application, becoming the last remaining big lender to do so. Now, as many as 96 percent of mobile banking applications users will have the ability to pay with BLIK. The system was launched by the Polish Payments S...

The European Commission approved Poland’s capacity market mechanism. The bill introduces auctions for reserve capacities and creates incentives for investments in the energy sector. Poland secured the approval along with five other EU member states. “Capacity mechanisms can help to safeguard the sec...

Law and Justice (PiS) MEP Ryszard Czarnecki has been dismissed from his post as the European Parliament Vice President after MEPs voted by 447 in favor and 196 against his early termination. Last month, Czarnecki in his blog post compared Civic Platform (PO) MEP Róża Thun to a Nazi collaborator who ...

The number of new registrations of passenger cars and vans in Poland in January amounted to 51,039, according to data from sector research firm Samar. The figure grew by 21.7 percent year-on-year and fell by 5.88 percent month-on-month. This was the 34th consecutive month of growth. “This was the be...

The registered unemployment rate amounted to 6.9 percent in January, compared to 6.5 percent last month, and 1.8 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

WSE-listed lender BZ WBK plans to issue up to PLN 1 billion in subordinated bonds by June 30, 2018, the bank said in a market filing. The bank will seek Financial Supervision Authority’s (KNF) approval to qualify the bonds as Tier II instruments and will be issued all at once or in several tra...

Polish factoring companies had a 16.7 percent increase in turnover to PLN 185 billion last year, factoring lobby Polski Związek Faktorów (PZF) announced. Their customer base grew by 12.6 percent y/y to 9k, and they financed over 10 million invoices The biggest companies in the sector include ING Com...

The European Commission increased the forecast of this year’s GDP growth by 0.4 percentage points to 4.2 percent this year. For 2018, the forecast was increased by 0.6 percentage points to 3.8 percent. For 2019, the EC predicts a 3.6 percent GDP growth, up by 0.2 percentage points compared to ...

Poland’s Central Bank’s (NBP) reserves stood at €94.39 billion at end-January and were some €150 million lower than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $4.3 billion to $117.59 billion. The PLN-denominated reserves stood at PLN...

In response to the growing investor interest in so-called alternative assets in Poland, CBRE has decided to expand the range of services provided by its capital markets team. The company has appointed Paweł Rudiak as a senior consultant who will supp...

A subsidiary of Warsaw Stock Exchange-listed developer Marvipol Development has secured up to PLN 50 million in bank financing from Bank Ochrony Środowiska that it will use to finance and refinance the costs of constructing its Unique Tower residenti...

Financial broker Notus Finanse is the first tenant to have leased space at the City Forum office project, which Warsaw Stock Exchange-listed developer Archicom is now developing in downtown Wrocław. The company will occupy over 550 sqm in the Forum O...

Industrial space developer Panattoni Europe will build an over 10,000-sqm production facility in Białystok for car glass manufacturer Pilkington IGP. The factory will be located within the Panattoni Park Białystok project that the developer launched ...

Investors BBI Development and Liebrecht & wooD have revealed that the office space available in their Centrum Praskie Koneser mixed-use project in Warsaw has already been 92 percent leased out. Two companies from the TFL sector – Link and Waberer...

The rental apartment market in Poland is attracting more and more developer and investor interest with a number of large projects comprising this kind of units having been announced across the country in recent months. Do long-term institutionalized ...

The automotive industry is one of Poland’s top export sectors and also the second most popular industry for foreign investors. French firms have been present in Poland since the early transformation and new ones keep coming to invest in the country’s...
Here for the long haul

Just as it’s hard to cut anything with a blunt knife, when you burn out at work, you cannot achieve your goals. Overworking and stress are the main causes of professional burnout. Do not think that this problem does not concern you. Poles are a socie...